Senator Warren questions Commerce Secretary Lutnick on Tether loan to family

Senators Elizabeth Warren and Ron Wyden sent letters to Howard Lutnick and Tether CEO Paulo Ardoino asking about a loan Tether reportedly made to Lutnick's family. What to know : Two prominent U.S. Senate Democrats are questioning Secretary of Commerce Howard Lutnick and the CEO of Tether, Paulo Ardoino, about reports that the stablecoin company provided substantial lending to a trust that helped finance the transfer of Lutnick's former company, Cantor Fitzgerald, to his adult children. Senators Elizabeth Warren and Ron Wyden said that any such lending "would raise serious questions" about Lutnick's relationship with the foreign stablecoin issuer.